Thursday 1 December 2011

ACE IPOs 2011: Wrong Timing?

This year as we know there are quite a lot of bad IPOs in the ACE market. Some of them even make loss after listing, especially XOX. From a total of 11 of them, only 2 register a current share price higher than their IPO price, which are Asia Media and Boilermech. Is it too easy to get listed in the ACE market?




Share Price Latest Q profit

IPO Price 30Nov Price Change % RM ' 000
Amedia 0.23 0.290 26 3400
Mpay 0.16 0.155 -3 -780
Smartag 0.31 0.260 -16 -907
Boilerm 0.33 0.770 133 3626
Mclean 0.52 0.175 -66 307
Ijacobs 0.27 0.190 -30 434
Xox 0.80 0.245 -69 -6536
Inari 0.38 0.375 -1 3959
Catcha 0.75 0.620 -17 -2274
Plabs 0.30 0.145 -52 358
Idmensn 0.38 0.275 -28 78

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